ICICI Bank Gets Board Nod to Acquire Up to 2% More in ICICI Prudential Asset Management

MT Newswires Live

2025/06/27

ICICI Bank (NSE:ICICIBANK, BOM:532174) has received board approval to acquire up to 2 % additional shareholding in its subsidiary ICICI Prudential Asset Management Company, according to a Friday filing with the Indian stock exchanges.

The acquisition is aimed at maintaining the bank's majority shareholding in the event of the grant of stock-based compensation by the company.

The transaction is subject to receipt of requisite approvals.

The lender's shares were up 1% in recent trade.

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